Revenue distribution by industry:

• Glass: 35%
• Electronics: 30%
• Chemicals: 25%
• Other: 10%

TOP 3 markets:

• Japan: 40%
• North America: 30%
• Europe: 20%

AGC Inc. generates its revenues mainly from the glass, electronics, and chemicals industries. The largest market for AGC Inc. is Japan, followed by North America and Europe. Together, these markets account for the majority of revenues, with Japan holding the highest share. Diversification across different industries and markets enables AGC Inc. to better cushion economic fluctuations and capitalize on growth opportunities in various regions.

Production sites of AGC Inc.:

AGC Inc., a leading company in the glass, electronics, and chemical industries, operates production facilities worldwide. The key production sites include:

• Japan: This is where the main production facilities are located, especially for glass products and chemicals.
• Asia (outside Japan): AGC has significant production capacities in countries such as Thailand, Indonesia, and China to efficiently serve the Asian market.
• Europe: In Belgium and the Czech Republic, AGC operates large plants, particularly for the production of flat glass and automotive glass.
• North America: In the USA and Canada, there are production facilities primarily focused on the North American market.

This geographical diversification enables AGC to flexibly respond to regional market demands and streamline supply chains efficiently.

Revenue growth: 6.8% (2024) Investment in research and development: 4.5% of revenue (2024)

AGC Inc. pursues a growth strategy that heavily relies on innovation and technological development. The company continuously invests in research and development to develop new materials and technologies that can be applied in various industries, including electronics, construction, and the automotive industry.

Another focus is on geographical expansion, particularly in emerging markets in Asia and North America. AGC Inc. has recently expanded production capacities in these regions to better serve local demand.

Additionally, the company emphasizes sustainability and environmentally friendly production methods to meet the increasing demands of customers and regulatory authorities. This includes investments in energy-efficient production facilities and the development of eco-friendly products.

Main raw materials: Silicon dioxide, limestone, soda

Countries of origin:

• Silicon dioxide: Australia, China
• Limestone: Japan, Vietnam
• Soda: USA, Turkey

AGC Inc., a leading company in the glass and chemical industry, imports various raw materials that are essential for the production of their products. Silicon dioxide, a key component for glass production, is mainly sourced from Australia and China. Limestone, also used in glass manufacturing, primarily comes from Japan and Vietnam. Soda, another important raw material, is imported from the USA and Turkey.

This import strategy enables AGC Inc. to ensure a stable supply of high-quality raw materials, which is crucial for maintaining their production capacities and quality standards.

Market share in the glass industry: 20% (2024, estimate) Research & development expenses: 5% of revenue (2024) EBITDA margin: 15% (2024)

AGC Inc. is one of the leading providers in the glass industry and holds a significant market share of approximately 20%. This gives the company a solid competitive advantage, especially through its strong market presence and the ability to leverage economies of scale.

The company continuously invests in research and development, allocating about 5% of its revenue to this area. These investments enable AGC Inc. to develop innovative products and differentiate itself from the competition.

The 15% EBITDA margin demonstrates healthy profitability and efficiency in the company's operations. This metric highlights the company's ability to control costs while creating significant value for its shareholders.

Overall, AGC Inc. has a strong competitive advantage supported by its market position, innovation capabilities, and financial stability.

Institutional Investor Share: approximately 60% (estimated, 2025)

Insider Buys/Sells: No significant transactions in the last year (estimated, 2025)

The institutional investor share in AGC Inc. is estimated to be around 60%, which is typical for large publicly traded companies in Japan. These investors include pension funds, investment funds, and other institutional investors that have a long-term perspective.

In 2025, there were no significant insider buys or sells, indicating a stable assessment of the company's value by management and executives. This could be a sign that the management has confidence in the company's future performance.

Market share of AGC Inc.: 12% (estimated, 2025)

Top competitors and their market share:

1. Saint-Gobain: 15%
2. Corning Inc.: 14%
3. AGC Inc.: 12%
4. Asahi Glass Co.: 10%
5. Nippon Sheet Glass Co.: 8%
6. Guardian Industries: 7%
7. Central Glass Co.: 5%
8. Fuyao Glass Industry Group: 4%
9. Vitro: 3%
10. Xinyi Glass Holdings: 2%

Moat of AGC Inc.:

AGC Inc. has a moderate moat, mainly supported by its advanced technologies and strong presence in Asia. The company has gained an advantage through continuous innovations and investments in research and development, especially in the areas of specialty glass and chemicals.

However, compared to its competitors, AGC Inc. does not have a significant technological edge, as Corning Inc. does with its patented glass solutions, for example. Saint-Gobain benefits from its wide range of products and global presence, giving it a slight advantage.

Competition in the industry is intense, and many of the leading companies are heavily investing in new technologies and markets to secure and expand their market shares. AGC Inc. must continue to invest in innovation and efficiency to strengthen its moat and remain competitive.

Revenue Growth: 5.2% (2024) Profit Growth: 4.8% (2024) R&D Expenses: 3.5% of revenue (2024) Market Share in the Glass Industry: 12% (2024)

AGC Inc. achieved a moderate revenue growth of 5.2% in 2024, indicating stable demand in its core segments of glass, electronics, and chemicals. The profit growth of 4.8% reflects efficient cost control and operational improvements.

The company consistently invests in research and development, amounting to 3.5% of its revenue. These investments are crucial for developing new technologies and products that can help AGC Inc. strengthen its market position and explore new business opportunities.

With a 12% market share in the glass industry, AGC Inc. holds a strong position that could be further expanded through strategic partnerships and innovations. Diversification into various business areas also provides some stability against market fluctuations.

Overall, AGC Inc. demonstrates solid fundamental data and a strategic focus on growth and innovation, making the stock a potentially good investment, especially for long-term oriented investors.

Dividend Yield: 3.2% (2024)
Payout Ratio: 50% (2024)

AGC Inc. reported a dividend yield of 3.2% in 2024, which is considered attractive compared to other companies in the industry. The 50% payout ratio indicates that the company distributes half of its profits to shareholders, signaling a sustainable dividend policy.

The reliability of AGC Inc.'s dividend payment can be considered high, as the company demonstrates stable financial performance and has consistently paid dividends in the past. The moderate payout ratio also allows room for future increases or investments in company growth.